The rigbuilding giant delivered net earnings of SGD 124.8m ($98m) for the three month period to 30 June, down 12.5% on the second quarter of 2012.
Earnings before income tax, depreciation and amortization (ebitda) dipped by 5.9% to SGD 171.3m from SGD 182m.
Total sales came in at SGD 1.12bn, a drop of 7.6% on the year earlier period.
However with revenue from five units set to be recognized in the second half of the year, the company’s 2013 earnings look set to be backloaded.
Sembcorp
